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White House Action Plan on Housing Supply Enlists FHA

May 27, 2022
Monica Hogan
The White House’s multi-pronged action plan designed to close the housing supply gap within the next five years includes a to-do list for FHA.
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Legislators Consider VA Home Loan Updates

May 27, 2022
Monica Hogan
A recently introduced bill, the Improving Access to the VA Home Loan Act, would direct VA to update regulations on home appraisals.
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FHA Sets MIP Cuts for Green Residential Care Facilities

May 27, 2022
Monica Hogan
FHA is planning significant reductions to both the upfront and annual mortgage insurance premiums for most Section 232 program mortgages of green residential care facilities.
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Around the Industry

May 27, 2022
Monica Hogan
Gordon sworn in as FHA commissioner; Ginnie to expand digital collateral program; FHA to present overview of its single-family purchase program; Ginnie hosts training sessions for single-family issuer pooling processes and systems; Ginnie clarifies requirements for MBS related to delinquent loan buyout eligibility; USDA to hold online training sessions for its single-family program; USDA raises interest rates for its single-family direct loan programs.
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Gordon Confirmed as FHA Commissioner

May 13, 2022
Monica Hogan
Julia Gordon, who finally received Senate confirmation this week after being nominated in June of last year, will face increasing pressure to cut mortgage insurance premiums.
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FHA/VA Servicers Urged to Pause HAF-Related Foreclosures

May 13, 2022
Monica Hogan
The government housing agencies have updated their frequently-asked-questions pages to assist servicers handling borrowers whose applications for relief under the Homeowner Assistance Fund are pending.
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Private MI Industry Adapts to Market Changes

May 13, 2022
Monica Hogan
The slowing pace of delinquencies helped mitigate the impact of a reduction in new private mortgage insurance policies written as mortgage originations slowed.
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Many Servicemembers Believe Myths Around VA Loans

May 13, 2022
Monica Hogan
Some 50% of active-duty servicemembers surveyed believe they can use a VA home loan only once.
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New AMDC Chair Wants to Expand Membership

May 13, 2022
Monica Hogan
Tai Christensen, newly appointed chair of the American Mortgage Diversity Council, wants to change the way the mortgage industry thinks about diversity.
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Servicers Seek Clarity on P&P Reimbursement Rules

May 13, 2022
Monica Hogan
A HUD policy update has “unintentionally eliminated” reimbursements to servicers for property preservation and protection expenses that occur before a foreclosure process begins.
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